Niche bank reports record results for 2018
Cambridge & Counties Bank has announced record results for 2018, with deposit and lending levels reaching all-time highs.
Total assets rose above £1bn for the first time to end the year at £1.03bn, up 17% year-on-year. Pre-tax profit increased 14% to £27.9m.
The niche bank, which specialises in secured lending and deposit products for small and medium sized businesses, with a strong property developer and investor client base, saw loans and advances to customers increase from £690m to £769m.
Total liabilities grew 13... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...